Beavercreek based Robbins & Myers, Inc. (NYSE: RBN) reported record first quarter 2008 sales of $174 million, $19 million or 12% higher than in the prior year comparable period.

Robbins & Myers, Inc. is headquartered in Beavercreek with offices locate at The Greene Towne Center. The company is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets. Robbins & Myers maintains manufacturing facilities in 15 countries and holds leading market positions for many of its major brands.

The company reported that orders were a first quarter record of $194 million, $32 million or 20% higher than in the prior year’s first quarter. Sales increased 7% and orders increased 12%. All segments of the company reported growth in the quarter, led by higher activity with the company’s energy market customers. The company ended the quarter with record backlog of $214 million.

“Our record first quarter results demonstrate the improvements we have made in our company over the past few years,” said Peter C. Wallace, President and Chief Executive Officer of Robbins & Myers, Inc.

The company has announced a 2-for-1 stock split of its common shares effected in the form of a share dividend on February 28, 2008 to holders of record on February 4, 2008.

Robbins & Myers also reported $23 million of earnings before interest, taxes and minority interest in the first quarter of 2008, another first quarter record. EBIT margins were 13.4% in the quarter, an increase of 100 basis points. Excluding prior year special items, margins increased 390 basis points due largely to increased sales and completed restructuring activities. The company also achieved a record $27 million of EBITDA in the first quarter of 2008, 45% higher than prior year results excluding special items.

“The Fluid Management group is benefiting from new product introductions and operational integration. The Process Solutions group continues to experience healthy demand from its global customer base, principally in the chemical markets, and is focused on business improvements. With the completion last year of announced restructuring actions, our Romaco group reported a profitable first quarter for the first time since fiscal 2004. While we are pleased to report record results, we recognize that we have significant opportunities for continuous improvement throughout Robbins & Myers,” said Peter C. Wallace, President and Chief Executive Officer of Robbins & Myers, Inc.

Source: Robbins & Myers, Inc. www.robbinsmyers.com